Future of privacy coins and tokens?

[jrrsparkles]

More than 20 trading pairs will be delisted next week as they no longer meet the crypto exchange's listing criteria.

Privacy tokens dash (DASH), monero (XMR) and ZCash (ZCH) slumped as much as 10% as prominent crypto exchange OKX said Friday it will delist their trading pairs on Jan. 5.

While OKX did not explicitly say it was banning the tokens because they offer enhanced privacy for transactions, many of those listed fall into that category.
Privacy coins are cryptocurrencies that preserve anonymity by obscuring the flow of money across their networks. They make it difficult to work out who sent what to whom – which is useful if you don’t want anyone snooping on your financial activity – and are not popular with regulators.

Privacy Tokens DASH, ZCH, XMR Take Hit as OKX Says It Will Suspend Trading

This isn't a big surprise at all because regulators have strong hammering the privacy coins for a while and they already made most exchanges to delist privacy coins and now OKX has also been added to the list of exchanges which means there is no future for the privacy coins in the crypto market?

[Makus]

What's up with exchanges now delisting some trading pairs of altcoin? If am not mistaking early this month binance delist some trading pairs and now we are seeing another one. Though this might be for the health of the exchange so they won't be running into trouble with the SEC or regulators. Anyway, it seems they are just trying to escape from what happened to a binance and the regulators concerning money laundering.

[jrrsparkles]

What's up with exchanges now delisting some trading pairs of altcoin? If am not mistaking early this month binance delist some trading pairs and now we are seeing another one. Though this might be for the health of the exchange so they won't be running into trouble with the SEC or regulators. Anyway, it seems they are just trying to escape from what happened to a binance and the regulators concerning money laundering.

Exchanges delist coins primarily for two reasons,

1. When the volume of the coin/pair is not really upto the market they expected to be and maintaining wallets and spending funds for the security of funds will be a net loss.

2. When government/regulators force them to do.

[Makus]

Well in this case I guess it's obvious the regulators are the one forcing the exchange to make those changes. The recent happening with the SEC and regulator, is just too obvious that their intentions aren't the one of good in this crypto network. They act like crypto is a big threat to them. Even if it's just moving on its own harmlessly. I don't know what to say anymore, is gaining power over something worth the comparison from the benefits you can get from it? Truth is, they are just being selfish.

[tsaroz]

Privacy based coins are in a constant attack by the authorities specially by the law enforcement agency from US. Privacy based coins are used mostly by people who are either money laundering, doing illegal business or are involved in funding terrorism. Privacy focused coins are hard to trace and track. That makes it impossible for the law enforcement agency to make anyone liable for any transactions. The recent decision of this forum to stop advertising mixtures are an example how difficult it is for a legal business to accept privacy focused coins.

[electronicash]

What's up with exchanges now delisting some trading pairs of altcoin? If am not mistaking early this month binance delist some trading pairs and now we are seeing another one. Though this might be for the health of the exchange so they won't be running into trouble with the SEC or regulators. Anyway, it seems they are just trying to escape from what happened to a binance and the regulators concerning money laundering.

Exchanges delist coins primarily for two reasons,

1. When the volume of the coin/pair is not really upto the market they expected to be and maintaining wallets and spending funds for the security of funds will be a net loss.

2. When government/regulators force them to do.

OKX is a Korea-based exchange, it does mean the regulation is forcing them to do it, and maybe low volume as well is the issue. people today don't care about privacy which i guess there is not much volume to the pairs and maybe the coins are also not getting many buyers.

i don't even see many people discussing anymore about these coins. there used to be more developers launching anon coins but this year i see none. the market is just saturated.

[Sophokles]

Regulators will surely go after the privacy coin as there is no way to track its transaction details They will take it as a threat. They will accuse this protocols of being used for illegal funding but privacy coin will get their demands from the institution. But for now i am going to stay away from the privacy coin as there is a high chance that it will face some negative outcomes from the government. I have seen some exchanges are already delisting privacy coins from their platform and surely more will follow this path if there is any sign from the government that they will ban privacy coin.

[johnsaributua]

Legend coins that I never looked at on my portofolio:D , because I didn't find a function in my hunt, even though they have been listed on major exchanges and lasted long enough, CEX's decision in listing and delisting has a point of view in each cex, maybe I almost didn't feel the news with this coin because I didn't follow it from the beginning, the hodlr should be able to take steps and not all bag holders are losers, maybe their money is cold because I believe the money is the rest of the trading of other currencies

I don't see from the effect of that coins privacy that a country, institution or individual who handles state affairs, IMO pure investation and transaction, regularization sometimes occurs because there is an interest even though it is decided unilaterally.

I myself am more interested in new altcoins even though I take advantage of the hype and the large community even though I trade in small amounts of money , or buy top altcoins that are very interested and have a lot of transactions, even though they are expensive but the trading volume is crowded, of course that's what I'm looking for, especially if I use it often, it's calmer in terms of dump prices because the recovery is not too monotonous.

[GreatArkansas]

There are a lot of reasons why privacy coins/tokens started to fade, for example, reason for me is first the essence of cryptocurrency which for me we don't need "privacy" coins anymore. Next is the regulators, a lot of things that happening between regulators and cryptocurrency plus this privacy coin is extremely difficult for regulators also to handle as it is built different.

[cryptoaddictchie]

With the SEC approval of etf means a regulations somehow are coming and privacy coins are against about it. Its a simple analogy that these exchanges delisting are taking extra careful not to be on the harms way. They are operating a business to and thats something they must done in order to stay alive. Well for supporters of those coins if they really wanted to let those bloom or stay then make a total decentralized exchange but I doubt some traders would go there for that especially they are after profits alone.

[Publictalk792]

Regulators have been trying to control privacy coins for a while so it is not surprising that OKX is removing them from their platform. But it is not all bad news for privacy coins. Some people still like and use them because they value the privacy they offer. The crypto market is always changing so there might be new chances for privacy coins in the future. It will be interesting to see how they handle these changes.
And many time we have seen that how the exchanges involve in pumping and dumping to liquidate people. And here also they are trying to do something big. But don't worry these coins have got much popularity and team know what they should do.

[icalical]

I never remember when was privacy coin having a good day, with more government implementing clear policies for Cryptocurrency, it's getting so hard for privacy coin to be included in those 'legal' crypto. Government always hate privacy if it's related to financial transaction, they always wanted to control or at least be able to observe all financial transaction that are done by their people, mostly tax related, but also to prevent money laundering by bad actors. That is the hardest obstacle for privacy coin, and in my opinion it will not be getting better.

[LSDadventure]

More than 20 trading pairs will be delisted next week as they no longer meet the crypto exchange's listing criteria.

Privacy tokens dash (DASH), monero (XMR) and ZCash (ZCH) slumped as much as 10% as prominent crypto exchange OKX said Friday it will delist their trading pairs on Jan. 5.

Centralized exchanges are fearful about newest fierce wave of regulations against mixers and privacy coins. They don't want their exchanges will be in legal case and will have to make deal with DOJ. for a settlement with very expensive legal fee like Binance and CZ did.

Those cryptocurrencies you wrote are coins, not tokens.

[jrrsparkles]

More than 20 trading pairs will be delisted next week as they no longer meet the crypto exchange's listing criteria.

Privacy tokens dash (DASH), monero (XMR) and ZCash (ZCH) slumped as much as 10% as prominent crypto exchange OKX said Friday it will delist their trading pairs on Jan. 5.

Centralized exchanges are fearful about newest fierce wave of regulations against mixers and privacy coins. They don't want their exchanges will be in legal case and will have to make deal with DOJ. for a settlement with very expensive legal fee like Binance and CZ did.

Centralized exchanges have to comply with whatever regulations are the governments come up with or else they have to cease their operation and exchange is a business so why would they cease to operate instead making money by complying the rules.

[Bureau]

There are other exchanges where these coins are listed, if a couple of exchanges delist them that does not mean it will affect them. For now, this news might have been a shock for the community and that is the reason why their price is in the red. Unless these coins get dumped by all exchanges I do not think there is any need to panic. The reason for delisting has not been shared by OKX exchange, as these are privacy coins I think it might be due to the pressure of some government authority.

[Rampagoe004]

What's up with exchanges now delisting some trading pairs of altcoin? If am not mistaking early this month binance delist some trading pairs and now we are seeing another one. Though this might be for the health of the exchange so they won't be running into trouble with the SEC or regulators. Anyway, it seems they are just trying to escape from what happened to a binance and the regulators concerning money laundering.

Although currently there is no official statement from the regulator about banning privacy coins but it won't be long before crypto is adopted more widely across various sectors and they will definitely challenge privacy coins. This is the same as what mixer services are experiencing because of the potential for money laundering crimes. I have never used privacy coins before but after what happened with mixer then I started to think that it seems like investing in privacy coins would not be safe either.

[batang_bitcoin]

While there are still exchanges where it is listed, it will be also be asked to delist those privacy coins/tokens because they're designed to be delisted based on the belief of the government. I guess that more insta swaps and dexes might put monero and the other known privacy coins on their radar to support it since there really are people that uses it for transfers because they're taking care of their privacies.

[o48o]

More than 20 trading pairs will be delisted next week as they no longer meet the crypto exchange's listing criteria.

Privacy tokens dash (DASH), monero (XMR) and ZCash (ZCH) slumped as much as 10% as prominent crypto exchange OKX said Friday it will delist their trading pairs on Jan. 5.

While OKX did not explicitly say it was banning the tokens because they offer enhanced privacy for transactions, many of those listed fall into that category.
Privacy coins are cryptocurrencies that preserve anonymity by obscuring the flow of money across their networks. They make it difficult to work out who sent what to whom – which is useful if you don’t want anyone snooping on your financial activity – and are not popular with regulators.

Privacy Tokens DASH, ZCH, XMR Take Hit as OKX Says It Will Suspend Trading

This isn't a big surprise at all because regulators have strong hammering the privacy coins for a while and they already made most exchanges to delist privacy coins and now OKX has also been added to the list of exchanges which means there is no future for the privacy coins in the crypto market?

I was talking about this possibility years ago when FATF revealed their suggestions, that late became plans. And people were laughing that i was fudding, that i have underestimated cryptos and basically i don't know what i am even talking about...And how governments can't shut down privacy coins, and how privacy coins are more important then ever, because regulator intervention.

And sure privacy is important, however coins are way over priced if exchange needs to move away from centralized exchanges and ability to change to other cryptos overall.
And while i am an optimist and see that some privacy coins could technically exist. Zero knowledge allows us to have selective privacy that would make regulators happy, but laws about this will drag behind and it will be a difficult battle. And then there's the issue that privacy with decentralization isn't a cheap process. And the end result of regulatory compliant crypto probably solve the original problem, that monero for example tried to solve. But it can solve some problems. Time shows if they are worth it.

[btc78]

What's up with exchanges now delisting some trading pairs of altcoin? If am not mistaking early this month binance delist some trading pairs and now we are seeing another one.

well exchanges mainly delist trading pairs because there is just not much trading volume and it is not worth maintaining the coins in the exchange if the coin does not have enough activity then there is really no point in the exchange having to list the coin i mean not all newly launched projects are listed right away they have to have some value so if the required value is not met anymore the exchange can just delist them already

[leonair]

What's up with exchanges now delisting some trading pairs of altcoin? If am not mistaking early this month binance delist some trading pairs and now we are seeing another one. Though this might be for the health of the exchange so they won't be running into trouble with the SEC or regulators. Anyway, it seems they are just trying to escape from what happened to a binance and the regulators concerning money laundering.

Listing a token on the Binance exchange has veryhassle and Binance never lists any scam project's tokens on their exchange. However, many cannot maintain a good value for a long time due to which Binance delists those tokens as per the agreement. Because Binance has an agreement before listing a token that if the value falls below a certain limit, they will delist the token. And that's why Binance keeps doing it. And Binance will continue to do so to maintain their exchange's reputation and always be on the list of top exchanges.